Cost of Living Comparison Between New York, NY and Toronto 

Indices DifferenceInfo
Cost of Living in Toronto is 35.2% lower than in New York, NY (excluding rent)
Cost of Living Including Rent in Toronto is 44.7% lower than in New York, NY
Rent Prices in Toronto are 56.9% lower than in New York, NY
Restaurant Prices in Toronto are 36.7% lower than in New York, NY
Groceries Prices in Toronto are 30.6% lower than in New York, NY
Local Purchasing Power in Toronto is 13.6% higher than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Toronto Edit Difference
Meal, Inexpensive Restaurant 30.00 $
(40.77 C$)
18.64 $
(25.33 C$)
     -37.9 %
Meal for 2 People, Mid-range Restaurant, Three-course 145.00 $
(197.06 C$)
82.78 $
(112.50 C$)
     -42.9 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.50 $
(16.99 C$)
11.04 $
(15.00 C$)
     -11.7 %
Domestic Beer (1 pint draught) 8.00 $
(10.87 C$)
5.89 $
(8.00 C$)
     -26.4 %
Imported Beer (12 oz small bottle) 12.00 $
(16.31 C$)
6.62 $
(9.00 C$)
     -44.8 %
Cappuccino (regular) 5.95 $
(8.09 C$)
3.89 $
(5.29 C$)
     -34.5 %
Coke/Pepsi (12 oz small bottle) 3.30 $
(4.49 C$)
2.17 $
(2.95 C$)
     -34.4 %
Water (12 oz small bottle) 2.63 $
(3.57 C$)
1.66 $
(2.25 C$)
     -37.0 %
Markets
New York, NY Edit Toronto Edit
Milk (regular), (1 gallon) 5.98 $
(8.13 C$)
10.43 $
(14.18 C$)
     +74.4 %
Loaf of Fresh White Bread (1 lb) 4.65 $
(6.31 C$)
2.53 $
(3.44 C$)
     -45.6 %
Rice (white), (1 lb) 3.73 $
(5.06 C$)
1.63 $
(2.21 C$)
     -56.4 %
Eggs (regular) (12) 7.07 $
(9.61 C$)
3.55 $
(4.82 C$)
     -49.9 %
Local Cheese (1 lb) 7.87 $
(10.70 C$)
6.10 $
(8.30 C$)
     -22.5 %
Chicken Fillets (1 lb) 7.48 $
(10.16 C$)
5.94 $
(8.08 C$)
     -20.5 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.15 $
(12.44 C$)
7.56 $
(10.28 C$)
     -17.4 %
Apples (1 lb) 3.41 $
(4.63 C$)
1.85 $
(2.51 C$)
     -45.7 %
Banana (1 lb) 1.13 $
(1.53 C$)
0.52 $
(0.71 C$)
     -53.8 %
Oranges (1 lb) 2.62 $
(3.56 C$)
1.50 $
(2.04 C$)
     -42.8 %
Tomato (1 lb) 2.89 $
(3.93 C$)
1.86 $
(2.52 C$)
     -35.7 %
Potato (1 lb) 1.71 $
(2.33 C$)
1.13 $
(1.53 C$)
     -34.1 %
Onion (1 lb) 1.82 $
(2.48 C$)
1.29 $
(1.76 C$)
     -28.9 %
Lettuce (1 head) 3.11 $
(4.22 C$)
2.41 $
(3.27 C$)
     -22.5 %
Water (1.5 liter bottle) 2.52 $
(3.42 C$)
1.95 $
(2.65 C$)
     -22.4 %
Bottle of Wine (Mid-Range) 19.99 $
(27.17 C$)
13.24 $
(18.00 C$)
     -33.7 %
Domestic Beer (0.5 liter bottle) 2.96 $
(4.03 C$)
2.73 $
(3.71 C$)
     -7.9 %
Imported Beer (12 oz small bottle) 3.79 $
(5.16 C$)
3.20 $
(4.36 C$)
     -15.5 %
Cigarettes 20 Pack (Marlboro) 19.00 $
(25.82 C$)
14.72 $
(20.00 C$)
     -22.5 %
Transportation
New York, NY Edit Toronto Edit
One-way Ticket (Local Transport) 2.90 $
(3.94 C$)
2.46 $
(3.35 C$)
     -15.0 %
Monthly Pass (Regular Price) 132.00 $
(179.39 C$)
114.79 $
(156.00 C$)
     -13.0 %
Taxi Start (Normal Tariff) 4.99 $
(6.78 C$)
3.68 $
(5.00 C$)
     -26.3 %
Taxi 1 mile (Normal Tariff) 3.50 $
(4.76 C$)
2.37 $
(3.22 C$)
     -32.3 %
Taxi 1hour Waiting (Normal Tariff) 42.00 $
(57.08 C$)
25.75 $
(35.00 C$)
     -38.7 %
Gasoline (1 gallon) 3.56 $
(4.83 C$)
4.22 $
(5.74 C$)
     +18.7 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 35,000.00 $
(47,566.75 C$)
25,081.49 $
(34,087.00 C$)
     -28.3 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,984.05 $
(38,031.73 C$)
21,331.79 $
(28,990.96 C$)
     -23.8 %
Utilities (Monthly)
New York, NY Edit Toronto Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 181.37 $
(246.49 C$)
117.60 $
(159.83 C$)
     -35.2 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 59.81 $
(81.29 C$)
37.39 $
(50.82 C$)
     -37.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 62.90 $
(85.48 C$)
54.06 $
(73.47 C$)
     -14.1 %
Sports And Leisure
New York, NY Edit Toronto Edit
Fitness Club, Monthly Fee for 1 Adult 142.19 $
(193.24 C$)
56.32 $
(76.54 C$)
     -60.4 %
Tennis Court Rent (1 Hour on Weekend) 64.58 $
(87.77 C$)
20.78 $
(28.24 C$)
     -67.8 %
Cinema, International Release, 1 Seat 20.00 $
(27.18 C$)
11.77 $
(16.00 C$)
     -41.1 %
Childcare
New York, NY Edit Toronto Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,164.36 $
(4,300.52 C$)
1,131.51 $
(1,537.77 C$)
     -64.2 %
International Primary School, Yearly for 1 Child 57,250.00 $
(77,805.61 C$)
18,115.02 $
(24,619.21 C$)
     -68.4 %
Clothing And Shoes
New York, NY Edit Toronto Edit
1 Pair of Jeans (Levis 501 Or Similar) 66.98 $
(91.03 C$)
57.53 $
(78.19 C$)
     -14.1 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.05 $
(65.31 C$)
39.27 $
(53.37 C$)
     -18.3 %
1 Pair of Nike Running Shoes (Mid-Range) 113.27 $
(153.94 C$)
88.68 $
(120.53 C$)
     -21.7 %
1 Pair of Men Leather Business Shoes 170.74 $
(232.04 C$)
114.81 $
(156.03 C$)
     -32.8 %
Rent Per Month
New York, NY Edit Toronto Edit
Apartment (1 bedroom) in City Centre 4,143.37 $
(5,631.05 C$)
1,816.00 $
(2,468.04 C$)
     -56.2 %
Apartment (1 bedroom) Outside of Centre 2,681.09 $
(3,643.74 C$)
1,550.56 $
(2,107.29 C$)
     -42.2 %
Apartment (3 bedrooms) in City Centre 8,388.10 $
(11,399.84 C$)
2,969.89 $
(4,036.23 C$)
     -64.6 %
Apartment (3 bedrooms) Outside of Centre 5,217.60 $
(7,090.98 C$)
2,475.48 $
(3,364.31 C$)
     -52.6 %
Buy Apartment Price
New York, NY Edit Toronto Edit
Price per Square Feet to Buy Apartment in City Centre 1,721.69 $
(2,339.87 C$)
850.11 $
(1,155.34 C$)
     -50.6 %
Price per Square Feet to Buy Apartment Outside of Centre 1,197.27 $
(1,627.14 C$)
713.58 $
(969.80 C$)
     -40.4 %
Salaries And Financing
New York, NY Edit Toronto Edit
Average Monthly Net Salary (After Tax) 5,128.24 $
(6,969.54 C$)
3,222.32 $
(4,379.30 C$)
     -37.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.44 5.16      -19.9 %
Last update: 11 June 202515 June 2025
Contributors in the past 12 months:373610